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Blog:Marginal Revolution | The symphony orchestra and the Industrial Revolution — "I heard Mozart’s 39th symphony in concert last night, and it occurred to me (once again) that I also was witnessing one of mankind’s greatest technological achievements. Think about what went into the activity: each instrument, developed eventually to perfection and coordinated with the other instruments. The system of tuning and the underlying principles of the music. The acoustics of the music hall. The sheet music on paper and the musical notation. All of those features extremely well coordinated with the kind of compositional talent being produced in Central and Western Europe from say 1710 to 1920. And by the mid-18th century most of the key features of this system were in place and by the early 19th century they were more or less perfected..."

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Blog:Marginal Revolution | The importance of local milieus — "We find suggestive evidence that co-locating with future inventors may impact the probability of becoming an inventor. The most consistent effect is found for place of higher education; some positive effects are also evident from birthplace, whereas no consistent positive effect can be derived from individuals’ high school location."

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Blog:Marginal Revolution | The Peltzman Model of Regulation and the Facebook Hearings — "If you want understand the Facebook hearings it’s useful to think not about privacy or technology but about what politicians want. In the Peltzman model of regulation, politicians use regulation to tradeoff profits (wanted by firms) and lower prices (wanted by constituents) to maximize what politicians want, reelection..."

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Blog:Marginal Revolution | A simple point about Conversations with Tyler — "Even for authors where I have read plenty of them before, I try to reread them fairly comprehensively and all at once, plus some of the secondary literature, criticisms, and the like. And of course hardly anyone else does this in such a concentrated manner, even if they over time have read everything an author has produced. Virtually everyone I have done this with has gone up in my eyes as a result. Both as a content creator and as a “carrier of a career.”"